What is the current yield on the bond

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Reference no: EM131604571

A bond with a face value of $1,000 has 8 years until maturity, carries a coupon rate of 8%, and sells for $1,100.

a. What is the current yield on the bond? (Enter your answer as a percent rounded to 2 decimal places.)

b. What is the yield to maturity if interest is paid once a year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.)

c. What is the yield to maturity if interest is paid semiannually? (Enter your answer as a percent rounded to 4 decimal places.)

Reference no: EM131604571

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